LATEST:Commerzbank Integrates Crypto Finance for Trading Bitcoin and Ether

Crypto Finance, affiliated with Deutsche Boerse, has inked a partnership with Commerzbank to deliver cryptocurrency trading services to the bank’s corporate clientele. This strategic move comes swiftly after a similar collaboration with Zürcher Kantonalbank in Switzerland. Commerzbank will also handle custody services, enhancing the security and accessibility of digital assets for German corporate clients.

The service will initially focus on the trading of bitcoin and ether, marking a significant step for Commerzbank’s corporate clients in leveraging the potential of major cryptocurrencies. “Our offering in digital assets enables our corporate clients to seize the opportunities presented by bitcoin and ether for the first time,” noted Gernot Kleckner, Commerzbank’s head of capital markets for corporate clients.

Highlighting the emphasis on security, Kleckner added, “Our joint solution represents the highest level of security in the trading and custody of crypto assets.” The partnership, backed by Commerzbank’s crypto custody license obtained in November 2023, paves the way for a broader adoption of digital asset services within the German market.

LATEST: Louisiana State Government Now Accepts Bitcoin for Payments

Louisiana has taken a significant leap into the digital future by allowing payments in Bitcoin, Bitcoin Lightning Network, and USD Coin for state services. State Treasurer John Fleming, M.D., champions this move as a vital modernization of government operations. He emphasized the convenience and flexibility it provides residents in their interactions with state departments, starting with the Louisiana Department of Wildlife and Fisheries.

The process, managed by Bead Pay, converts cryptocurrency into U.S. dollars, similar to credit card transactions, ensuring stability and minimizing risk. This system ensures the state remains unaffected by the typical volatility of digital currencies, with the state handling no cryptocurrency directly.

With this initiative, Louisiana aims to bolster transaction security and reduce fraud risks. Representative Mark Wright, who has been instrumental in promoting digital asset legislation, expressed enthusiasm about expanding digital payment options. More state departments are expected to adopt this technology, enhancing service quality and positioning Louisiana as a leader in digital payment adoption.

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MicroStrategy 2X Leveraged, Inverse ETFs Are Here, Offer ‘Unparalleled Access To MicroStrategy’s Bitcoin Exposure’ – MicroStrategy (NASDAQ:MSTR)

Investors now have more ways to invest in or against MicroStrategy Inc MSTR, a software company and Bitcoin BTC/USD holder that has outperformed top stocks, asset types and index funds in recent years.

What Happened: REX Shares and Tuttle Capital Management launched two new ETFs Wednesday to give investors more ways to get exposure to MicroStrategy stock with leveraged and inverse ETFs.

The two companies launched the T-REX 2X Long MSTR Daily Target ETF MSTU and the T-REX 2X Inverse MSTR Daily Target ETF MSTZ.

“These are the first ETFs to provide investors with 200% leveraged exposure and -200% inverse exposure to the daily price movement of MicroStrategy (MSTR), allowing traders…

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Donald Trump Makes Historic Bitcoin Payment At PubKey

Today, history was made as President Donald Trump became the first US president to make a Bitcoin payment.

The former President showed up to PubKey, a Bitcoin-themed bar located in the heart of Greenwich Village, New York City, to purchase some cheeseburgers (on National Cheeseburger Day) at the establishment, which was packed with Bitcoin enthusiasts there to welcome him.

“I think it’s a great place,” Trump said to Bitcoin Magazine about PubKey, before urging the types of Bitcoin enthusiasts who frequent the bar to vote this November.

“Get out and vote,…

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Fractal Bitcoin: A Misleading Affinity

Fractal Bitcoin is a recently launched project that bills itself as “the only native scaling solution completely and instantly compatible with Bitcoin. In essence it is a merge mined system portraying itself as a second layer sidechain for Bitcoin, where multiple levels of “sidechains” can be stacked on top of each other. So think of a sidechain of the mainchain, a sidechain of the sidechain, a sidechain of the sidechain of the sidechain, etc. It is not.

Shitcoins Are Not Second Layers

Firstly, the entire system is built around a new native token, Fractal Bitcoin, that is issued completely independent of Bitcoin. It even comes with a massive pre-mine of 50% of the supply being split…

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